Orlando (Fla.) Health's total profits increased in the first six months of fiscal year 2010 from $67.9 million to $76.2 million, representing 12 percent growth, according to an Orlando Business Journal news report.
According to the news report, the increase in profits can be attributed to big returns on investment. However, the hospital's revenue in the first six months was down $3.3 million due to decreases in patient admissions, increased observation case load and increased Medicaid patients, according to the news report. Expenses also increased by $7.4 million.
Read the news report about Orlando Health's financial results.
Related Articles on Hospital Finances:
Adventist Health Proposes $62M Reconstruction Plans for California's Frank R. Howard Memorial
Sutter Health Releases Financial Results
SEIU Approves Tenet Contract for California Hospitals
According to the news report, the increase in profits can be attributed to big returns on investment. However, the hospital's revenue in the first six months was down $3.3 million due to decreases in patient admissions, increased observation case load and increased Medicaid patients, according to the news report. Expenses also increased by $7.4 million.
Read the news report about Orlando Health's financial results.
Related Articles on Hospital Finances:
Adventist Health Proposes $62M Reconstruction Plans for California's Frank R. Howard Memorial
Sutter Health Releases Financial Results
SEIU Approves Tenet Contract for California Hospitals